Robinhood

Robinhood explicitly states: 'Robinhood doesn't give tax advice, calculate NIA, or provide adjusted balances.' Robinhood will provide point-in-time account balances on request to assist the user's own calculation but will not do the math.

Known quirks

1. 1No in-app excess-removal flow — must contact support to initiate. Foot-gun for users who expect everything in-app.
2. 2Robinhood will NOT calculate NIA. User must compute it.
3. 3Cash-only — request requires sufficient withdrawable cash in the IRA.
4. 4Processing takes 1–3 business days; confirmation via email when complete.
5. 5Requests after April 15 (or October 15 with extension) cannot include NIA in the corrective distribution; the 6% excise tax applies instead.
6. 6For Robinhood Strategies (managed) IRAs, the platform liquidates the requested amount within 1–3 business days before processing the return; managed IRAs must maintain at least $50 balance.
7. 7If you already took a regular distribution instead of a return-of-excess, Robinhood cannot retroactively reclassify it.

Submission method

Support-contact-then-DocuSign — must contact Robinhood support to initiate; DocuSign link is generated per-request. No in-app self-service flow.

Process at Robinhood

1. Confirm the contribution is in fact excess (limit lookup, MAGI check).
2. Compute NIA — required; custodian will not calculate.
3. Submit the Return of Excess.
4. Allow processing time per the custodian's stated SLA (typically 3–10 business days).
5. Receive Form 1099-R (IRA) or 1099-SA (HSA) the following January with the applicable distribution code (8 / P for IRA current vs prior-year correction).
6. Report the earnings (NIA) as taxable income — in the year of the original contribution per IRC §408(d)(4).

Also relevant

• All custodian guides — index of every custodian we've verified.
• Run the NIA calculator — produce the earnings figure to bring to Robinhood's form.
• Removal decision tree — confirm the corrective path before initiating.
• When to file — Apr 15 / Oct 15 windows that gate timely removal vs. the §4973 6% excise.
• What counts as excess — IRA cap, Roth MAGI phase-out, and combined-cap aggregation.